CAFR1's video: Walter Burien speaking to the Health and Freedom Conference - 2010

Walter Burien speaks to the Health and Freedom Conference in California 2010. Government collective wealth by government institutional investment funds held globally. There is no need for taxation if administrative changes are made in government. Global investment return when looked at "collectively" from local and federal government is now greater than all taxation collected. It is now possible to restructure government to pay for its "general purpose" expenses from investment return. Mr. Burien suggests the establishment of TRF management accounts to phase out all taxation for the benefit of the people of this country. The city of Mesa, AZ has done this in a partial fashion for over forty years. From between 40% to 65% of their general purpose operating funds are satisfied from investment return and enterprise operations. The city of Mesa has one of the lowest city tax rate in the state of Arizona for this reason. **The City of Mesa Police Department has its own investment fund whereby the investment return subsidizes most of its operating budget. Mr. Burien notes through the establishment of TRF (Tax Retirement Funds) the extra nine-yards can be set into motion to satisfy 100% of government's general purpose operating expenses and then taxation will NOT be needed and then become a word of the past for our future generations. The perfect point here is that the entire structure to manage the TRFs and performance records to show the complete validity of this happening is in place today from the managers who currently have managed government's multi-trillion dollar institutional global investment funds which in their collective totals from all sources is standing as of 2007 at approximately 110 trillion dollars. It is also noted that collective local and federal government's gross income "globally" from all sources: Investment; taxation; and enterprise as of 2007 was 14-trillion-dollars with that amount being about equal to the GDP of the USA.... The reason this is possible is that government is bringing in a substantial portion of its gross income from global investments outside of the USA (ever wonder why job outsourcing and foreign trade has been so aggressive over the last two decades?) ANS: It is "very" profitable to our own government's "global" institutional investments held across the globe. On a last and very important note: Government "promotes" debt at the front door and uses their own global investment funds to fund that same debt through the back door creating a holding grounds for their investment capital and a guaranteed rate of return on the same. EXAMPLE: US Government may have several investment accounts in China with one having 300-billion dollars available for investment elsewhere. The state of California; NJ; NY; and IL have a bond issue collectively of 250-billion dollars that is now funded "from" that US Government institutional investment account in China. The headlines may read: "250-billion dollars comes from China to fund California; NJ; NY; and IL bond issues, China taking over more of US" but in reality the back door funding approach by US Government global investment funds was exercised again.. Get it? I hope so.. If a true audit of US Local and Federal debt was conducted, that audit may just determine that 65% + of that debt held was "self-funded" by collective US government itself...